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Refrigerated Transport Trends and Forecast
The future of the global refrigerated transport market looks promising with opportunities in the air-blown evaporator, eutectic device, hybrid, and fully electrified markets. The global refrigerated transport market is expected to reach an estimated $191.4 billion by 2030 with a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are rising public awareness of the benefits of eating a healthy diet and having a wide range of products available, increasing quantity of cold storage facilities, and growth in the pharmaceutical sectors.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Refrigerated Transport by Segment
The study includes a forecast for the global refrigerated transport by mode of transportation, temperature, technology, and region.
Refrigerated Transport Market by Mode of Transportation [Shipment Analysis by Value from 2018 to 2030]:
• LCV
• MHCV
• HCV
Refrigerated Transport Market by Temperature [Shipment Analysis by Value from 2018 to 2030]:
• Single temperature
• Multi-temperature
Refrigerated Transport Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Air-blown Evaporator
• Eutectic Device
• Hybrid
• Fully Electrified
Refrigerated Transport Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Refrigerated Transport Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies refrigerated transport companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the refrigerated transport companies profiled in this report include-
• Daiken Industries
• Ingersoll Rand
• Utility Trailer Manufacturing
• Singamas Container
• Hyundai
• United Technologies Corporation
• China International Shipping Containers
• Schmitz Cargobull
• Tata Motors
Refrigerated Transport Market Insights
Lucintel forecasts that multi-temperature is expected to witness fastest growth over the forecast period due to the increasing demand for multi-temperature transportation solutions to transport a variety of perishable goods, such as fresh fruits and vegetables, frozen food, and pharmaceuticals.
APAC will remain the largest region over the forecast period due to rapid urbanization and rising disposable incomes, growth of organized retail and the rapidly expanding e-commerce industry, as well as, stringent food safety regulations in this region.
Features of the Global Refrigerated Transport Market
Market Size Estimates: Refrigerated transport market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Refrigerated transport market size by mode of transportation, temperature, technology, and region in terms of value ($B).
Regional Analysis: Refrigerated transport market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different mode of transportation, temperature, technology, and regions for the refrigerated transport market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the refrigerated transport market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the refrigerated transport market size?
Answer: The global refrigerated transport market is expected to reach an estimated $191.4 billion by 2030.
Q.2 What is the growth forecast for refrigerated transport market?
Answer: The global refrigerated transport market is expected to grow with a CAGR of 6.8% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the refrigerated transport market?
Answer: The major drivers for this market are rising public awareness of the benefits of eating a healthy diet and having a wide range of products available, increasing quantity of cold storage facilities, and growth in the pharmaceutical sectors.
Q4. What are the major segments for refrigerated transport market?
Answer: The future of the global refrigerated transport market looks promising with opportunities in the air-blown evaporator, eutectic device, hybrid, and fully electrified markets.
Q5. Who are the key refrigerated transport market companies?
Answer: Some of the key refrigerated transport companies are as follows:
• Daiken Industries
• Ingersoll Rand
• Utility Trailer Manufacturing
• Singamas Container
• Hyundai
• United Technologies Corporation
• China International Shipping Containers
• Schmitz Cargobull
• Tata Motors
Q6. Which refrigerated transport market segment will be the largest in future?
Answer: Lucintel forecasts that multi-temperature is expected to witness fastest growth over the forecast period due to the increasing demand for multi-temperature transportation solutions to transport a variety of perishable goods, such as fresh fruits and vegetables, frozen food, and pharmaceuticals.
Q7. In refrigerated transport market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to rapid urbanization and rising disposable incomes, growth of organized retail and the rapidly expanding e-commerce industry, as well as, stringent food safety regulations in this region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the refrigerated transport market by mode of transportation (LCV, MHCV, and HCV), temperature (single temperature and multi-temperature), technology (air-blown evaporator, eutectic device, hybrid, and fully electrified), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Refrigerated Transport Market, Refrigerated Transport Market Size, Refrigerated Transport Market Growth, Refrigerated Transport Market Analysis, Refrigerated Transport Market Report, Refrigerated Transport Market Share, Refrigerated Transport Market Trends, Refrigerated Transport Market Forecast, Refrigerated Transport Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Refrigerated Transport Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Refrigerated Transport Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Refrigerated Transport Market by Mode of Transportation
3.3.1: LCV
3.3.2: MHCV
3.3.3: HCV
3.4: Global Refrigerated Transport Market by Temperature
3.4.1: Single temperature
3.4.2: Multi-temperature
3.5: Global Refrigerated Transport Market by Technology
3.5.1: Air-blown Evaporator
3.5.2: Eutectic Device
3.5.3: Hybrid
3.5.4: Fully Electrified
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Refrigerated Transport Market by Region
4.2: North American Refrigerated Transport Market
4.2.1: North American Refrigerated Transport Market by Temperature: Single temperature and Multi-temperature
4.2.2: North American Refrigerated Transport Market by Technology: Air-blown Evaporator, Eutectic Device, Hybrid, and Fully Electrified
4.3: European Refrigerated Transport Market
4.3.1: European Refrigerated Transport Market by Temperature: Single temperature and Multi-temperature
4.3.2: European Refrigerated Transport Market by Technology: Air-blown Evaporator, Eutectic Device, Hybrid, and Fully Electrified
4.4: APAC Refrigerated Transport Market
4.4.1: APAC Refrigerated Transport Market by Temperature: Single temperature and Multi-temperature
4.4.2: APAC Refrigerated Transport Market by Technology: Air-blown Evaporator, Eutectic Device, Hybrid, and Fully Electrified
4.5: ROW Refrigerated Transport Market
4.5.1: ROW Refrigerated Transport Market by Temperature: Single temperature and Multi-temperature
4.5.2: ROW Refrigerated Transport Market by Technology: Air-blown Evaporator, Eutectic Device, Hybrid, and Fully Electrified
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Refrigerated Transport Market by Mode of Transportation
6.1.2: Growth Opportunities for the Global Refrigerated Transport Market by Temperature
6.1.3: Growth Opportunities for the Global Refrigerated Transport Market by Technology
6.1.4: Growth Opportunities for the Global Refrigerated Transport Market by Region
6.2: Emerging Trends in the Global Refrigerated Transport Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Refrigerated Transport Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Refrigerated Transport Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Daiken Industries
7.2: Ingersoll Rand
7.3: Utility Trailer Manufacturing
7.4: Singamas Container
7.5: Hyundai
7.6: United Technologies Corporation
7.7: China International Shipping Containers
7.8: Schmitz Cargobull
7.9: Tata Motors
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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